New Issue: RBC prices $1.76 million return optimization notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 5 – Royal Bank of Canada priced $1.76 million of 0% return optimization securities due Oct. 31, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 13.8%. If the index return is negative, investors will be fully exposed to the decline.

UBS Financial Services Inc. and RBC Capital Markets, LLC are the agents.

Issuer:	Royal Bank of Canada
Issue:	Return optimization securities
Underlying index:	S&P 500
Amount:	$1,760,090
Maturity:	Oct. 31, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, up to 13.8% maximum return; exposure to any index decline
Initial index level:	1,931.34
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Agents:	UBS Financial Services Inc. and RBC Capital Markets, LLC
Fees:	2%Cusip:	78013D664

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